|  |  |  |
| --- | --- | --- |
|   | (c) | Lessor’s Property Rights: Lessee acknowledges and agrees that Supplemental Rent is additional rent for the leasing of the Aircraft and not cash collateral or other collateral
security for Lessee’s maintenance obligations under the Lease. Once paid, all Supplemental Rent is the property of Lessor, it is not refundable to Lessee under any circumstances whatsoever (except to the extent provided in the Lease and that
following the receipt by Lessor of insurance or condemnation proceeds or other payment from Lessee in an amount equal to the Agreed Value following an Event of Loss, Lessor shall return to Lessee all Supplemental Rent paid to Lessor by Lessee less
the amount theretofore paid to Lessee by Lessor pursuant to Section 7.2) and Lessee otherwise has no interest therein whatsoever.  |

  




|  |  |
| --- | --- |
| 5.5 | **Payments**  |

  

 All payments by Lessee to Lessor under the Lease will be made for value on the due date in Dollars and in immediately available funds by wire transfer to
the Lessor’s Account as specified in the Aircraft Lease Agreement. If any such due date is not a Business Day, such payment shall be due on the Business Day immediately following such due date. 

  


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